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Trump vs Hillary 2016
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| December 1st, 2016 at 5:54:10 PM permalink | |
| kenarman Member since: Oct 24, 2012 Threads: 14 Posts: 4530 |
I would sooner see that $8750 per job for a viable industry than the $7500 subsidy for an electric car. Still a subsidy just different strokes for different folks. "but if you make yourselves sheep, the wolves will eat you." Benjamin Franklin |
| December 1st, 2016 at 5:58:41 PM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 137 Posts: 21195 |
Not really. If this were the case then the converse would be true. Then when Obama hiked the top marginal tax rates I would have been getting a cut. I got no cut. There was no more money in my pocket. There was probably less in fact since there was less money available to drill gas wells and less need for my services at the time. I agree we need to cut the corporate tax rate in a big way. War is peace. Freedom is slavery. Ignorance is strength |
| December 1st, 2016 at 6:01:42 PM permalink | |
| stinkingliberal Member since: Nov 9, 2016 Threads: 17 Posts: 731 |
It's a pretty basic tenet of economics that government should not subsidize an inefficient activity (even in response to political pressure). Encouraging a company to manufacture its goods where labor costs are higher is such an inefficient subsidy. The false premise behind all this is that Carrier's workers could not possibly have found jobs elsewhere and that White Knight Donald Trump has saved them all from unemployment. I presume these people are skilled (otherwise they'd be earning minimum wage and it wouldn't have been worth it to move the company's operations offshore), so why can't they be employed doing something else that utilizes their talents? Sure, it might take a while. But that's why we have unemployment insurance--something Republicans have always opposed, by the way. |
| December 1st, 2016 at 6:02:21 PM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 137 Posts: 21195 |
Not really. Transportation costs will be lower. Warehousing costs will be lower with a shorter supply chain. And US workers are more productive both in general and in this case as they are years more experienced. Meanwhile, Obama didn't lift a finger to help. His solution was to say, "aw, shucks!" War is peace. Freedom is slavery. Ignorance is strength |
| December 1st, 2016 at 6:07:17 PM permalink | |
| stinkingliberal Member since: Nov 9, 2016 Threads: 17 Posts: 731 |
And there was more money available for the operations of government, which was still operating at a deficit. Of course, you don't object to government spending--only government spending on those things of which you don't approve. What you don't understand is that the corporate tax rate hikes DID put more money in your pocket. The government didn't have to raise YOUR taxes (or didn't have to raise them as much) as a result. Also, it didn't have to charge more for its services. You saved money. You just can't perceive it because you weren't mailed a check. Conversely, if corporate tax rates are lowered, you'll have to pay for that, too. Even if your tax rate doesn't immediately go up, huge deficits will increase the government's debt burden, which will have far-reaching consequences for you and your business. You see, Trump's talk is cheap. But you can't just slash government revenue across the board without consequences. |
| December 1st, 2016 at 6:08:40 PM permalink | |
| terapined Member since: Aug 6, 2014 Threads: 76 Posts: 12501 |
Every business that has moved jobs overseas looks at all this and the benefits. They make the decision that makes the most economic sense Businesses should have the freedom to operate as they see fit. The govt needs to let the free market take its course Sometimes we live no particular way but our own - Grateful Dead "Eyes of the World" |
| December 1st, 2016 at 6:11:01 PM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 137 Posts: 21195 |
Nonsense. Increased economic activity would mean we would equal or have more tax receipts. All of that would then trickle down to the masses and give us great economic growth, similar top the mid to late 1980s. War is peace. Freedom is slavery. Ignorance is strength |
| December 1st, 2016 at 6:11:18 PM permalink | |
| stinkingliberal Member since: Nov 9, 2016 Threads: 17 Posts: 731 |
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| December 1st, 2016 at 6:17:31 PM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 137 Posts: 21195 |
But no money was taken from taxpayers. That has already been established. Perhaps Obama was too busy planning his next vacation or something? War is peace. Freedom is slavery. Ignorance is strength |
| December 1st, 2016 at 6:18:29 PM permalink | |
| stinkingliberal Member since: Nov 9, 2016 Threads: 17 Posts: 731 |
"Trickle down economics" is what's actually nonsense--it was discredited when Reagan tried it in the 1980s and we wound up with massive deficits and inflation. There's no guarantee that reduced corporate tax rates result in "increased economic activity." That would only occur if corporations reinvested the savings. Doesn't necessarily happen. Also, at some point, lower tax rates cannot be compensated for. Otherwise, by your logic, the optimal business tax rate would be zero, and the government would collect infinite revenue nonetheless. And I have yet to see corporations becoming more profitable and then generously sharing their profits with the people. I know the Republican mantra is lower taxes lower taxes lower taxes, but there's no free lunch. Somehow, the bills have to be paid, and relying on FUTURE tax revenue due to "increased economic activity" is risky at best, and foolhardy at worst. It failed for Reagan (and yes, I know Reagan was God). |